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AUD/USD – Looking for a bullish leg in 1 hour
Monday, July 20, 2015 13:10
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Trend is bearish in AUD/USD currency pair, 1 hour time frame. Since yesterday, price of Aussie US$ is going up towards 0.7436 resistance level. This looks like a bearish ending diagonal triangle pattern and price is probably going to rise above 0.7436 price level. However; if price just keep moving down and there is no need to look for a buy trade and stay on the side lines.
Source: http://www.fxinstructor.com/blog/audusd-looking-for-a-bullish-leg-in-1-hour
